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Sumitomo Realty & Development, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 5%, Oct-Dec Ordinary Profit Increases by 8%

Thu Feb 6, 2025 3:30 pm JST Earnings

8830 Sumitomo Realty & Development Co.,Ltd. 【J-GAAP】

Earnings Report

Sumitomo Realty & Development Co.,Ltd. <8830> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 5.5% from the same period last year, reaching 218 billion yen. The progress rate toward the full-year plan of 265 billion yen was 82.5%, almost the same as the five-year average of 82.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 1.1% from the same period last year, reaching 46.2 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 8.3% from the same period last year, reaching 62.5 billion yen. The operating profit margin remained almost flat, changing from 24.5% in the same period last year to 24.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 698,885 196,919 196,615 135,605 286.1 83.1 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 726,458 203,998 207,377 145,592 307.2 81.9 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 782,864 215,802 218,743 146,699 309.6 82.5 Feb 6, 2025 J-GAAP
YoY +7.8% +5.8% +5.5% +0.8% +0.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 462,449 104,891 103,523 71,247 150.3 31 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 460,426 111,063 108,832 80,540 171.1 35 Nov 8, 2024 J-GAAP
YoY -0.4% +5.9% +5.1% +13.0% +13.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 939,904 241,274 236,651 161,925 341.7 52 May 11, 2023 J-GAAP
Mar, 2024 967,692 254,666 253,111 177,171 373.8 60 May 9, 2024 J-GAAP
Mar, 2025 Guidance 1,000,000 267,000 265,000 190,000 403.7 70 May 9, 2024 J-GAAP
YoY +3.3% +4.8% +4.7% +7.2% +8.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 221,215 54,223 57,789 39,668 83.7 24.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 241,234 50,668 45,734 31,579 66.6 21.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 315,718 98,124 103,032 74,539 157.3 31.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 223,856 57,813 53,136 34,921 73.7 25.8 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 243,290 59,865 62,575 37,239 78.6 24.6 Feb 6, 2025 J-GAAP
YoY +10.0% +10.4% +8.3% -6.1% -6.1%

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